Michael Nadeau

Michael Nadeau, a data-driven crypto analyst and author of the DeFi Report, shares an intriguing bearish perspective on Bitcoin. He highlights the specific signals that influenced his bearish pivot, such as shifts in fiscal policy and market structure. Nadeau discusses how long-term holders are taking profits and warns about the potential for new buyers to amplify market declines. He also outlines what indicators would make him bullish again and estimates Bitcoin's fair value zone between 60–70K, providing insights into what the future might hold.